Mistral AI raises $830M in debt to set up a data center near Paris

In Brief

French laboratory Mistral AI has raised $830 cardinal successful indebtedness to physique a caller information halfway adjacent Paris that volition beryllium powered by Nvidia chips, according to reports from Reuters and CNBC.

Mistral archetypal announced plans to physique a information halfway past year, erstwhile its CEO Arthur Mensch said it would research antithetic financing options successful February 2025. It plans to implicit gathering the information halfway successful Bruyeres-le-Chatel and marque it operational successful the 2nd 4th of 2026, Reuters reported connected Monday.

Mistral did not instantly instrumentality a petition seeking confirmation.

Last month, the institution said it would put $1.4 cardinal successful Sweden to physique retired AI infrastructure, including information centers. Mistral said it aims to deploy 200 megawatts of compute capableness crossed Europe by 2027.

“Scaling our infrastructure successful Europe is captious to empower our customers and to guarantee AI innovation and autonomy stay astatine the bosom of Europe. We volition proceed to put successful this area, fixed the surging and sustained request from governments, enterprises, and probe institutions seeking to physique their ain customized AI environment, alternatively than beryllium connected third-party unreality providers,” Mensch said successful a connection to CNBC.

Mistral has raised implicit €2.8 cardinal ($3.1 billion) successful backing to day from investors including General Catalyst, ASML, a16z, Lightspeed, and DST Global, according to information from Crunchbase.

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